Bitcoin Surges to $89,000, Igniting a Market-Wide Boom

Bitcoin has surged to $89,000, marking a new all-time high. Bitcoin is just 12% away from hitting $100,000.

Azcnews Bitcoin Surges To $89,000, Igniting A Market Wide Boom

Bitcoin has surged to a record high of $89,000, marking its highest price ever. It is now just 12% away from hitting $100,000.

Following Donald Trump’s victory in the US presidential election, Bitcoin’s price has continued to rise sharply, leading to a boom in the entire cryptocurrency market. ETFs and many companies related to this field, such as MicroStrategy, have also seen their stocks grow significantly.

Btcusdt Chart
Btcusdt Chart

BlackRock’s Bitcoin ETF has a record trading volume of $4.5 billion. The price increase is partly due to MicroStrategy’s additional investment of $2 billion in Bitcoin. The company bought 27,200 BTC at an average price of $74,463, making a profit of more than $300 million immediately after the investment.

Bitcoin’s surge has also led to the largest leveraged liquidation in recent memory in the futures market, with the majority of liquidations being short positions.

Read more: Changpeng Zhao Perspective on FTX Two Years After Its Collapse

In addition, the stablecoin market cap is at a record high, hovering around $160 billion, creating huge potential for leverage to increase. This could help BTC surpass $100,000 in the next three months.

Trump’s upcoming presidency is seen as a positive sign for the cryptocurrency sector, where many expect clearer regulations to support innovation and the development of blockchain technology.

Love

0.0/5

Love

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338